HSBC becomes first foreign bank to print Chinese ABS

By Tom Porter
15 Jan 2015

HSBC has completed the first issuance of asset backed securities by a foreign bank in China, at a time when the government is trying to foster more issuance from domestic banks.

HSBC China sold the Rmb1.35bn (€184m) Huiyuan 2015-1 Corporate Loan Securitisation on Tuesday, with HSBC acting as financial adviser and Citic Securities and Bank of Communications as lead underwriters.

The deal was a collaboration between HSBC and Bank of Communications, with the notes issued under the name BoCom ...

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